STEPAN CO — Director's Dealing 2022

Feb 17, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STEPAN CO (SCL)
CIK: 0000094049
Period of Report: 2022-02-15

Reporting Person: Behrens Scott R. (President & COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-02-15	Common Stock	M	3176	—	Acquired	14509.197	Direct
2022-02-16	Common Stock	A	76.787	$111.26	Acquired	3942.653	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-02-15	Performance Shares	$	M	2601	Disposed		Common Stock (2601)	Direct
2022-02-16	Stock Appreciation Right	$111.26	A	25217	Acquired	2032-02-15	Common Stock (25217)	Direct
2022-02-16	Performance Shares	$	A	5393	Acquired		Common Stock (5393)	Direct
2022-02-16	Share Units	$	A	1237.544	Acquired		Common Stock (1237.544)	Direct

Footnotes

F1: The performance shares vested upon Stepan Company achieving certain financial targets by December 31, 2021.

F2: Includes exempt acquisitions under Rule 16a-11 pursuant to dividend reinvestments since the date of the reporting person's last report.

F3: Vests ratably over three years beginning on the date shown.

F4: Each performance share represents a contingent right to receive 1 share of Stepan Company Stock. The performance shares vest upon Stepan Company achieving certain financial targets by December 31, 2024.

F5: Share Units are acquired under the Management Incentive Plan (As Amended and Restated Effective January 1, 2015) ("MIP"), a nonqualified deferred compensation plan which allows MIP participants to elect to defer all or a portion of their deferred compensation into accounts pursuant to MIP provisions.

F6: Share Units convert on a one-for-one basis into Common Stock.